Webinar about SBA Programs during the COVID-19 Process

The Albany Chamber of Commerce hosts a webinar with Margaret Jackson and Ron Barrett from the Alameda County Small Business Development Center (ACSBDC) to discuss the programs available through the Small Business Association (SBA) for Albany businesses, services available from the ACSBDC, the process of applying for the EIDL and PPP loans, and more.

13:51:47 From Participant : Can you apply for PPP loans and also for CA EDD for underemployment?

13:52:05 From Participant : what is the best way for the City to communicate with you as we moved forward?

13:52:12 From Participant : Submitted application for PPP, Wells Fargo waiting for next round of funding to continue processing

13:53:03 From Participant : what if a business doesn't qualify or what if they are worried about taking out a loan? When would you advise a business to just close?

13:56:26 From Participant : what is the time line again for getting assigned an advisor?( From the time you fill out the form on the acsbdl website to getting assigned)

13:57:40 From Participant : If I applied on the SBA site for the SBA loan, do I apply again on you website?

13:58:12 From Albany Chamber of Commerce : @erika After you register on the ACSBDC website, it will automatically ask you for a time to schedule an advisor follow up within days

13:58:35 From Participant : I have applied for PPP loan through my bank, but have been contacted by Intuit for a PPP loan. They have my payroll info already and can populate the forms for me. My question is can I apply a second time, then see which one comes through?

14:01:25 From Participant : If your PPP loan is forgiven how is that money viewed for tax purposes…will it be included or excluded from your gross revenue?

14:02:08 From Participant : EIDL advance does or does not have to be paid back?

14:02:54 From Albany Chamber of Commerce : The EIDL advance does not need to be paid back

14:03:12 From Participant : thanks

14:03:28 From Participant : you can pick up PPE from commercial suppliers. I just purchased masks from Rexel Electrical supply in Oakland.

14:04:11 From Participant : If you applied for a PPP loan via the SBD website, do you also have to fill out a separate application with your lender or does the SBD send your request to the lender?

14:05:27 From Albany Chamber of Commerce : You have to apply with the PPP directly with a lender. You can not apply directly through the SBA or ACSBDC

14:06:53 From Participant : when will the new EIDL applications be available?